State of Wyoming Makes New Investment in Keurig Dr Pepper, Inc $KDP

State of Wyoming bought a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 29,652 shares of the company’s stock, valued at approximately $831,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sivia Capital Partners LLC acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at $259,000. Lido Advisors LLC boosted its holdings in shares of Keurig Dr Pepper by 6.5% in the 4th quarter. Lido Advisors LLC now owns 51,393 shares of the company’s stock valued at $1,386,000 after purchasing an additional 3,148 shares during the last quarter. Anchor Capital Advisors LLC boosted its holdings in shares of Keurig Dr Pepper by 13.8% in the 4th quarter. Anchor Capital Advisors LLC now owns 1,297,998 shares of the company’s stock valued at $36,357,000 after purchasing an additional 157,438 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Keurig Dr Pepper by 1.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 7,256,874 shares of the company’s stock valued at $203,265,000 after purchasing an additional 106,757 shares during the last quarter. Finally, Westpac Banking Corp boosted its holdings in shares of Keurig Dr Pepper by 21.6% in the 4th quarter. Westpac Banking Corp now owns 16,677 shares of the company’s stock valued at $467,000 after purchasing an additional 2,967 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $30.06 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $40.90 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 1.40 and a beta of 0.41. The firm’s fifty day simple moving average is $27.92 and its 200 day simple moving average is $28.09. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 EPS. As a group, equities research analysts expect that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, June 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.1%. Keurig Dr Pepper’s payout ratio is presently 68.15%.

Wall Street Analysts Forecast Growth

KDP has been the topic of a number of research analyst reports. UBS Group lifted their price target on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a report on Friday, April 24th. Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Wells Fargo & Company decreased their price target on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. JPMorgan Chase & Co. lifted their price target on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $31.57.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.